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Lost decades? : independence and latin America’s falling behind, 1820-1870

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  • Prados de la Escosura, Leandro

Abstract

This paper explores the connections between independence and Latin America’s relative decline during the half a century after independence. The release of the fiscal burden was partly offset by higher costs of self-government, while opening up to the international economy represented a handmaiden of growth. Colonial emancipation had a different impact across regions and widened regional disparities. Per capita income grew and though Latin America fell behind to the U.S. and Western Europe, improved or kept its relative position to the rest of the world. ‘Lost decades’ seems an unwarranted depiction of the period 1820-1870.

Suggested Citation

  • Prados de la Escosura, Leandro, 2007. "Lost decades? : independence and latin America’s falling behind, 1820-1870," IFCS - Working Papers in Economic History.WH wp07-18, Universidad Carlos III de Madrid. Instituto Figuerola.
    • Handle: RePEc:cte:whrepe:wp07-18
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    Cited by:

    1. Bértola, Luis & Castelnovo, Cecilia & Rodríguez, Javier & Willebald Remedios, Henry Francisco, 2008. "Income distribution in the Latin American Southern Cone during the first globalization boom, ca: 1870-1920," IFCS - Working Papers in Economic History.WH wp08-05, Universidad Carlos III de Madrid. Instituto Figuerola.
    2. Miguel Laborda Pemn, 2011. ""Hombres que entre las raíces": Plantation colonies, slave rebellions and land redistribution in Saint Domingue and Cuba at the late colonial period, c. 1750 c. 1860," Documentos de Trabajo de la Sociedad de Estudios de Historia Agraria 1102, Sociedad de Estudios de Historia Agraria.
    3. Dobado González, Rafael & García Montero, Héctor, 2010. "Colonial Origins of Inequality in Hispanic America? Some Reflections Based on New Empirical Evidence," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 28(2), pages 253-277, September.

    More about this item

    Keywords

    Latin America;

    JEL classification:

    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • N46 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Latin America; Caribbean
    • N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean

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